August 2013

Found 5 blog entries for August 2013.

Chicago condosCombining elements of classic architecture with state-of-the-art modern amenities that would entice any condo buyer, the residences at Ten East Delaware truly represent the best of both worlds when it comes to Chicago condo living. Located just blocks from beautiful Lake Michigan and the Magnificent Mile, this building in the heart of the Gold Coast is home to some of the most refined and sought-after Chicago dwellings available.

The huge windows in this building offer amazing views of the downtown Chicago skyline, and apartments are equipped with superbly upkept hardwood floors, not to mentioned over sized ceilings and large floor plans. And if culinary excellence factors into the equation for your Chicago condo purchase, the residences at Ten East

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With world-renowned eateries like Alinea and Avec, Chicago has made its way to the forefront on national culinary excellence over the past decade or so. For Chicago condo owners and the city's residents, living in areas like River North, the Gold Coast, Streeterville and Lincoln Park often means quick and easy access to some of the finest dining and libations in the nation, and a recent report from Crain's Chicago Business gave the details on some stellar additions to this fine city's bustling food and beverage culture.

First off, there's Three Dots and a Dash, located beneath Lettuce Entertain You's Bub City at 435 N. Clark Street in River North. What is it, you ask? Why only the city's most hip tiki bar, with Polynesian and Hawaiian-style drinks and

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Chicago homes for saleIt took Chicago awhile to catch up with the housing market boom that much of the nation has experienced in 2013, but a recent report from Midwest Real Estate Data LLC (MRED), as reported in Chicago Magazine, shows many positive signs for those looking to unload their Chicago condos and Chicago homes for sale.

According to MRED, 7,998 Chicago home sales occurred in June, which is a massive year-over-year improvement from June 2012, when 30 percent less homes sold. And May 2013 was even stronger year-over-year, with 39 percent more Chicago homes selling in comparison with May 2012. These homes were also being absorbed much more quickly in terms of when they went on the market and when they actually sold. Homes were on the market for an average of just 96

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Chicago condosIn a trend that falls in line with what much of the nation has been experiencing in 2013, Chicago condos and homes for sale are seeing low inventory, high prices, bidding wars, and quick turnaround between when a property or space is listed and when it is sold.

A recent report from the Sun-Times used the example of Jason and Megan Komenda, a couple expecting a child who were looking to move out of their Chicago condo in Lincoln Square to find a larger home. It took the Komenda's three attempts to close on a home, due to higher-priced offers ousting their initial bids—and when they did secure a property, it was only because another buyer fell through due to complications.

While this scenario might sound difficult, it's actually pretty indicative of the

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Chicago condosCase Shiller produces some of the most reliable and depended-upon reports for Chicago condos and homes, and a recent report published by the company shows Chicago condo prices seeing record gains from April to May of this year, the most recent months on record.

These record gains for Chicago condos came in the form of the value of these spaces going up 6 percent on average from just one month to the next. Condo values for this time period also reached highs they had not seen since July of 2011, but more importantly, they are up 18.1 percent from their market lows, signaling a turnaround in the Chicago condo market that has been evidenced recently in increased buyer demand and extremely low inventory rates. Overall, Chicago condo prices were up by 11.9

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